Vishal Edu Institute

  Income Tax Form Types of Income Tax Return Forms : -   To file tax returns Income Tax Department had issued a series of forms applicable to different type of assessees: ITR 1 : This form is applicable for an individual who has no income other than Salary/ Pension and Interest. ITR 2 : This form is applicable for an individual who has income under different heads but not business /profession income. ITR 3 : This form is applicable for an individual who is partner in a partnership firm. ITR 4 : This form is applicable for an individual who has income from business/profession. ITR 5 : This form is applicable for a Firms, AOP,BOI, Local Authority. ITR 6 : This form is applicable for a Company. ITR 7 : This form is applicable for a Trust. ITR 8 : This form is used for filing only FBT Return. https://incometaxindiaefiling. gov.in/portal/selectforms . do The Income Tax Department has given the facility to file tax returns online with the help of softwares available at the above lin...

                                                       TREND FOLLOWING Trading is the Business Not a Gambling Always Follow Your Rules Trand is Your Friend  Reversal in a trend happens only once. If you bet on a reversals you will be right only once. If you bet on continuations, you will be right most of the times Never buy a stock because its price has come down. Never sell a stock because it has gone up. Never catch falling knifes. Corollary - never short shooting rockets. Buy a technically strong stock, ideally on dips,  Sell a technically weak stock ideally on up.

                          TRADING Trading is not gambling. Trading is years of hardwork, learning, and discipline. If you are looking for a place to make money easily, look elsewhere. Trading is purely a game of psychology and discipline. Numbers data etc are secondary. Never trade with a profit target in mind. Trade because a trade is the right thing to do at that point of time. Capital preservation is the only job you have as a trader. You need to preserve your capital for great trades with high probability of high profit. If you lose money on poor trades, you will not have any money to take the great ones. There is a life outside of trading. It is easy to lose sight of that and get addicted to  gambling. https://www.youtube.com/watch?v=of89ZBhSEko&t=7s

Tax Benefit on Home Loan (Sec. 24,80C& 80EEA) The repayment of Home Loan :-  Repayment of Principal                                                  - Repayment of Interest these are claimed as  tax deductions  under different sections while filing the Income Tax Return. Section 80 C : Principal amount of Home loan The amount paid as Repayment of Principal Amount of Home Loan by an Individual/  HUF  is allowed as tax deduction under Section 80C of the Income Tax Act. The  maximum tax deduction allowed under Section 80C is Rs. 1,50,000.   Section 24 : Interest on Home loan The maximum tax deduction allowed under Section 24 of a  self-occupied property is subject to a maximum limit of  Rs. 2 Lakhs  (increased in Budget 2014 from 1.5 Lakhs to Rs. 2 Lakhs). Section 80EEA : Interest on Home loan (1st Time Buyers) Th...